Analysts Set Antofagasta plc (LON:ANTO) Price Target at GBX 3,493.75

Antofagasta plc (LON:ANTO) has been assigned a consensus recommendation of “Reduce” from the eight research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 3,518.75.

A number of research analysts have recently weighed in on ANTO shares. Morgan Stanley downgraded shares of Antofagasta to an “underweight” rating and reduced their target price for the company from GBX 3,070 to GBX 3,050 in a research report on Tuesday, February 3rd. Canaccord Genuity Group downgraded shares of Antofagasta to a “hold” rating and increased their target price for the company from GBX 3,165 to GBX 4,100 in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Antofagasta from GBX 3,200 to GBX 3,400 and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 3,100 target price on shares of Antofagasta in a research report on Thursday, April 16th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 3,700 target price on shares of Antofagasta in a research report on Thursday, April 16th.

Antofagasta Trading Up 1.3%

LON:ANTO opened at GBX 4,221 on Friday. The company has a debt-to-equity ratio of 74.56, a quick ratio of 2.78 and a current ratio of 2.90. The firm has a market cap of £41.61 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of -1.08 and a beta of 1.35. Antofagasta has a 52 week low of GBX 1,675.50 and a 52 week high of GBX 4,475. The firm has a 50-day moving average price of GBX 3,697.07 and a two-hundred day moving average price of GBX 3,501.72.

About Antofagasta

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.